DekaBank Deutsche Girozentrale Decreases Stake in The Procter & Gamble Company (NYSE:PG)

DekaBank Deutsche Girozentrale cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,414,595 shares of the company’s stock after selling 2,532 shares during the period. Procter & Gamble accounts for approximately 1.3% of DekaBank Deutsche Girozentrale’s portfolio, making the stock its 9th largest holding. DekaBank Deutsche Girozentrale’s holdings in Procter & Gamble were worth $737,935,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PG. Transcendent Capital Group LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth approximately $31,000. Ruedi Wealth Management Inc. increased its position in shares of Procter & Gamble by 64.7% in the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after purchasing an additional 77 shares during the last quarter. POM Investment Strategies LLC bought a new position in shares of Procter & Gamble in the second quarter worth approximately $34,000. Vima LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth approximately $35,000. Finally, Quest Partners LLC bought a new position in shares of Procter & Gamble in the second quarter worth approximately $36,000. 65.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jon R. Moeller sold 37,240 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the transaction, the chief executive officer now owns 263,537 shares of the company’s stock, valued at $44,508,763.93. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 375,553 shares of company stock worth $63,829,141. 0.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PG. Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Citigroup upped their target price on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. JPMorgan Chase & Co. cut their target price on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Stifel Nicolaus upped their target price on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. Finally, StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $175.79.

Procter & Gamble Stock Performance

Shares of PG stock opened at $173.53 on Friday. The stock has a fifty day moving average of $169.20 and a 200 day moving average of $165.07. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $177.94. The firm has a market capitalization of $409.56 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 3.77 and a beta of 0.41. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $1.37 earnings per share. As a group, research analysts expect that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a yield of 2.32%. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.